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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Hank who wrote (320)3/11/1998 9:14:00 AM
From: Jim Roof  Read Replies (1) | Respond to of 4634
 
Hank,

I have no desire to go long in a losing cause. My analysis is only to explain why this stock has been stubborn. I am trying to help frankly. I thought the same thing when I shorted SYSF a while back at 20 and had to cover at 26 while it was on the way to 37 (BTW, now trades at about 5). That was an interesting chart. I shorted on the little H&S top that turned out to be just the left shoulder of a MUCH taller pattern. That was ugly.

You may be right (see Bill, I can allow for the possibility of my being wrong) but 29 would not surprise me and it should not surprise you (though it very well may).

Jim